Unencumbered funds that have accumulated in a medical savings account that are in excess of the higher deductible may be withdrawn by the account holder for purposes other than paying eligible medical expense or procuring health coverage. Money withdrawn pursuant to this section shall be considered gross income as provided in Section 27-7-17, Mississippi Code of 1972.
Miss. Code Ann. § 71-9-9
Withdrawals from account by account holder
Known as the Medical Savings Account Act
The act spans §§ 71–71 (5 sections).
Laws, 1994, ch. 468, § 5; reenacted without change, Laws, 1997, ch. 606, § 7, eff from and after passage (approved April 24, 1997
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.